Binance Coin / Dollar may rise to 552.0 - 559.0

Our pivot point stands at 527.2.

Our preference

Rebound towards 559.0.

Alternative scenario

The downside breakout of 527.2 would call for 515.4 and 508.5.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (537.9) but under its 50 period moving average (543.5).

Supports and resistances

573.0 **

566.0 *

559.0 **

552.0

537.9 last

531.8

527.2 **

515.4 *

508.5 **

Number of asterisks represents the strength of support and resistance levels.